ORG Partners LLC Trims Stake in KKR & Co. Inc. (NYSE:KKR)

ORG Partners LLC lowered its position in KKR & Co. Inc. (NYSE:KKR) by 44.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,046 shares of the asset manager’s stock after selling 845 shares during the quarter. ORG Partners LLC’s holdings in KKR & Co. Inc. were worth $123,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in KKR. Tallon Kerry Patrick purchased a new stake in shares of KKR & Co. Inc. in the fourth quarter valued at $207,000. Brighton Jones LLC raised its stake in shares of KKR & Co. Inc. by 109.6% in the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock valued at $689,000 after acquiring an additional 2,437 shares during the period. D.A. Davidson & CO. increased its stake in KKR & Co. Inc. by 16.1% in the 4th quarter. D.A. Davidson & CO. now owns 8,331 shares of the asset manager’s stock worth $1,232,000 after buying an additional 1,158 shares during the period. Global Retirement Partners LLC increased its stake in KKR & Co. Inc. by 98.8% in the 4th quarter. Global Retirement Partners LLC now owns 7,912 shares of the asset manager’s stock worth $1,170,000 after buying an additional 3,933 shares during the period. Finally, Private Advisor Group LLC increased its stake in KKR & Co. Inc. by 5.6% in the 4th quarter. Private Advisor Group LLC now owns 18,042 shares of the asset manager’s stock worth $2,669,000 after buying an additional 953 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.

Insider Activity

In other news, Director Timothy R. Barakett purchased 35,000 shares of the stock in a transaction dated Thursday, May 22nd. The shares were acquired at an average cost of $117.92 per share, for a total transaction of $4,127,200.00. Following the acquisition, the director now owns 185,000 shares of the company’s stock, valued at approximately $21,815,200. This represents a 23.33% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the firm’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $34.20, for a total transaction of $205,200,000.00. Following the completion of the sale, the insider now owns 13,260,971 shares in the company, valued at $453,525,208.20. This represents a 31.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,471,488 shares of company stock worth $501,529,092. Corporate insiders own 39.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on KKR. Barclays raised their price target on shares of KKR & Co. Inc. from $129.00 to $141.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. HSBC raised shares of KKR & Co. Inc. from a “hold” rating to a “buy” rating and reduced their price target for the stock from $170.00 to $119.00 in a research note on Tuesday, April 15th. Hsbc Global Res raised shares of KKR & Co. Inc. from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 15th. Bank of America reduced their price target on shares of KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating on the stock in a research note on Friday, April 4th. Finally, Morgan Stanley raised shares of KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $120.00 to $150.00 in a research note on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $149.43.

KKR & Co. Inc. Stock Up 0.1%

Shares of KKR & Co. Inc. stock opened at $122.59 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.08 and a quick ratio of 0.08. KKR & Co. Inc. has a 1 year low of $86.15 and a 1 year high of $170.40. The firm’s 50-day moving average is $117.65 and its two-hundred day moving average is $130.25. The stock has a market cap of $109.19 billion, a price-to-earnings ratio of 51.73, a PEG ratio of 1.36 and a beta of 1.89.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, May 1st. The asset manager reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.02. KKR & Co. Inc. had a net margin of 14.75% and a return on equity of 6.43%. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same period in the prior year, the business earned $0.97 EPS. The firm’s quarterly revenue was down 67.8% on a year-over-year basis. As a group, research analysts expect that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 13th were issued a $0.185 dividend. This is a boost from KKR & Co. Inc.’s previous dividend of $0.17. This represents a dividend yield of 0.64%. The ex-dividend date was Monday, May 12th. KKR & Co. Inc.’s dividend payout ratio (DPR) is currently 31.22%.

KKR & Co. Inc. Company Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.